Sonoco Products Co (FRA:SNS) Change In Inventory : €322 Mil (TTM As of Mar. 2024)

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What is Sonoco Products Co Change In Inventory?

Sonoco Products Co's change in inventory for the quarter that ended in Mar. 2024 was €17 Mil. It means Sonoco Products Co's inventory declined by €17 Mil from Dec. 2023 to Mar. 2024 .

Sonoco Products Co's change in inventory for the fiscal year that ended in Dec. 2023 was €314 Mil. It means Sonoco Products Co's inventory declined by €314 Mil from Dec. 2022 to Dec. 2023 .

Sonoco Products Co's Total Inventories for the quarter that ended in Mar. 2024 was €689 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sonoco Products Co's Days Inventory for the quarter that ended in Mar. 2024 was 53.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sonoco Products Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.71.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Sonoco Products Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

Sonoco Products Co Change In Inventory Historical Data

The historical data trend for Sonoco Products Co's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sonoco Products Co Change In Inventory Chart

Sonoco Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.37

9.97

-115.16

-333.68

314.27

Sonoco Products Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															12.66	124.91	120.42	59.90	16.93

Sonoco Products Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €322 Mil.

Sonoco Products Co (FRA:SNS) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sonoco Products Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	699.2	/	1195.991	*	365 / 4
	=	53.35

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sonoco Products Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1195.991	/	699.2
	=	1.71

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Sonoco Products Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	699.2	/	1506.54
	=	0.46

Sonoco Products Co Change In Inventory Related Terms

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Sonoco Products Co (FRA:SNS) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Sonoco Products Co (FRA:SNS) » Definitions » Change In Inventory

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SON:USA

Address

1 N. Second Street, Hartsville, SC, USA, 29550

Website

http://www.sonoco.com

Over its 100-year-plus history, Sonoco Products has steadily assembled a diverse portfolio of industrial and consumer packaging product offerings such as flexible and rigid plastics, reels and spools, pallets, and composite cans. The company serves a variety of consumer and industrial end markets throughout North America. Sonoco has raised its dividend each year for more than 30 years.

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